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Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Reuters31d agoneutral
Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain ‌and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched ‌its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung ​Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.

Xiaomi launches new Xring chip, partners with TSMC for production, sources say
Reuters31d agoneutral
Xiaomi launches new Xring chip, partners with TSMC for production, sources say

Chinese smartphone maker Xiaomi on Monday unveiled a new version of its in-house Xring handset processor, betting that deeper control over key components will help strengthen its supply chain ‌and reduce reliance on external chip suppliers. The introduction of Xring O3 comes a year after Xiaomi launched ‌its first proprietary smartphone processor, the Xring O1, marking the latest step in the world's third-largest smartphone vendor's push to join rivals such as Apple, Samsung ​Electronics and Huawei in developing its own chips. TSMC will manufacture the new chip using its 3-nanometre production technology, two people familiar with the matter said.

Xiaomi's Q2 profit slides 42.6% on component cost pressure
Reuters37d agoneutral
Xiaomi's Q2 profit slides 42.6% on component cost pressure

China's Xiaomi Corp posted a fall of 42.6% in second-quarter net profit on Tuesday, missing analysts' estimates, as higher costs ‌of memory and other components squeezed margins for the maker of smartphones ‌and electric vehicles. Adjusted net profit of 6.2 billion yuan ($919.50 million)for the period from April to June, fell ​short of an average analyst estimate of 6.6 billion yuan, according to LSEG data. Xiaomi's smartphone revenue fell 7.5% year-on-year to 42.1 billion yuan, while its smartphone gross margin declined ⁠to 8.5% from 11.5% a year earlier, clipped by higher prices for key components.

Waymo doubles down on the cars America won’t let you buy
TheStreet41d agobullish
Waymo doubles down on the cars America won’t let you buy

Trade barriers are supposed to be simple machines. You raise the price of a thing until buying it stops making sense, and the buying stops. Washington built one of the tallest of those walls in modern trade policy around Chinese electric vehicles, and by the only measure most people can see, it ...

Mercedes Loses Ground in China's Premium Auto Market
Bloomberg44d agoneutralVIDEO
Mercedes Loses Ground in China's Premium Auto Market

After decades of winning over Chinese buyers with its German engineering, Mercedes-Benz Group AG sold only 1,153 units in China in the first half of 2026, a fraction of the more than 80,000 similarly priced SU7 sedans Xiaomi Corp. delivered in the period. The performance echoes the challenges BMW AG, Volkswagen AG and Porsche AG face in China, where they all reported second-quarter sales declines of at least 30%, worse than the overall market's drop. Bloomberg's William Wilkes reports.